NIPPON CERAMIC CO.,LTD. Stock Forecast
Evaluation of NIPPON CERAMIC CO.,LTD. stock downgraded after the last trading session.
(Updated on May 09, 2024)
The NIPPON CERAMIC CO.,LTD. stock price fell by -0.586% on the last day (Thursday, 9th May 2024) from JP¥2,730.00 to JP¥2,714.00. During the last trading day the stock fluctuated 1.26% from a day low at JP¥2,704.00 to a day high of JP¥2,738.00. The price has been going up and down for this period, and there has been a 2.57% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 38 thousand shares were bought and sold for approximately JP¥104.22 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.11% during the next 3 months and, with a 90% probability hold a price between JP¥2,750.39 and JP¥2,994.85 at the end of this 3-month period.
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6929.T Signals & Forecast
The NIPPON CERAMIC CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥2,714.43. On a fall, the stock will find some support from the long-term average at approximately JP¥2,697.51. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.59%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for NIPPON CERAMIC CO.,LTD. stock
NIPPON CERAMIC CO.,LTD. finds support from accumulated volume at JP¥2,690.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥34.00 between high and low, or 1.26%. For the last week the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: JP¥2,571.94 (-5.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (6929.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect NIPPON CERAMIC CO.,LTD. to open at JP¥2,718.67, and during the day (based on 14 day Average True Range), to move between JP¥2,674.58 and JP¥2,753.42, which gives a possible trading interval of +/-JP¥39.42 (+/-1.45%) up or down from last closing price. If NIPPON CERAMIC CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥2,716.00 (0.07%) than the support at JP¥2,690.00 (0.88%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
NIPPON CERAMIC CO.,LTD. will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is $39.44. We will update the financials statements for NIPPON CERAMIC CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.68% in the first trading day after earnings release.
Is NIPPON CERAMIC CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NIPPON CERAMIC CO.,LTD. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.510 Buy Candidate Downgraded
Predicted Opening Price for NIPPON CERAMIC CO.,LTD. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥2,718.67 ( 0.172%) | JP¥2,714.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6929.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,752.67 | 1.42 % | |
| R2 | 2,739.68 | 0.95 % | ||
| R1 | 2,731.65 | 0.651 % | ||
| Current price: | 2,714.00 | |||
| Support | S1 | 2,705.68 | -0.307 % | |
| S2 | 2,697.65 | -0.602 % | ||
| S3 | 2,684.67 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,815.00 | 3.72 % | |
| R2 | 2,762.00 | 1.77 % | ||
| R1 | 2,716.00 | 0.0737 % | ||
| Current price | 2,714.00 | |||
| Support | S1 | 2,690.00 | -0.88% | |
| S2 | 2,646.00 | -2.51% | ||
| S3 | 2,583.00 | -4.83% |
6929 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥75.00 | 3.21% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥50.00 | 1.77% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥20.00 | 0.681% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥20.00 | 0.725% |
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